Invited bidding, also known as selective bidding, means that the purchaser selects a certain number of legal persons or other organizations according to the credit standing and performance of suppliers or contractors, sends them invitation letters, and invites them to participate in bidding competition.
The difference between the two bidding methods lies in:
1. Different invitees: The invitees in public bidding are unspecified legal persons or other organizations; The object of invitation to tender is a specific legal person or other organization.
2. Different notification methods: public bidding is to attract enterprises to participate in bidding competition by publishing bidding announcements in newspapers, electronic networks or other media; Invitation to bid is notified by issuing an invitation to bid.
3. The degree of competition is different: because there are many participants in public bidding, the competition is fierce; Although there is a minimum number of invitations to bid, not less than three, there are still few participants and the competition is weak.
Extended information bidding is an international practice, a product of highly developed commodity economy, and an organized way to choose the best transaction by using technology, economic means and market economy competition mechanism.
In this way, in the procurement of goods, the tenderer attracts many bidders to compete on an equal footing under the same conditions through the procurement and requirements announced in advance, and organizes technical, economic and legal experts to conduct a comprehensive review of many bidders in accordance with the prescribed procedures.
References:
Baidu encyclopedia-bidding